Dollar General inks deal with MoneyGram

Dollar General customers will be able to conduct money transfers through MoneyGram under a deal between them.

MoneyGram International Inc. (NYSE: MGI) said it has signed a multi-year agreement with the Goodlettsville, Tenn.-based discount retailer.

“Our customers rely on Dollar General for convenience when purchasing items at everyday low prices,” Todd Vasos, Dollar General’s executive vice president, division president and chief merchandising officer, said in a prepared statement. “The partnership with MoneyGram is a great fit for Dollar General and it further delivers checkout convenience to our customer.”

A Dollar General spokeswoman did not immediately return requests for additional comment.

Under the arrangement, Dollar General (NYSE: DG) will offer MoneyGram’s in-lane money transfer service in its more than 10,000 U.S. stores. Shoppers will be able to transfer money in $50, $100 and $200 increments at the checkout register.

With the addition of Dollar General, Dallas-based MoneyGram’s network now has more than 50,000 U.S. locations reaching 197 countries and territories.